Sweden's SSAB Q3 revenue rises on higher prices and shipments

SSAB AB (publ)

28/10/2026 06:41

Overview
Sweden steelmaker's Q3 revenue rose yr/yr on higher prices and shipments
Q3 EPS increased from prior year
Company progressing on Oxelösund and Luleå projects as planned

Outlook
Company expects realized steel prices to be somewhat higher in Q4 2026 vs Q3
Company to complete annual planned maintenance in Q4 2026
Company sees signs of improved supply-demand balance in European steel market

Result Drivers
HIGHER PRICES AND SHIPMENTS - Co said improved steel prices and increased shipments supported Q3 operating result
PREMIUM SEGMENTS - Increased shipments of premium products, including Automotive AHSS, contributed to Q3 results
US PLATE MARKET - SSAB Americas benefitted from strong US plate market

Company press release: ID:nWkr7BflKy

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
 
SEK 25.63 bln
 
Q3 EPS
 
SEK 1.56
 
Q3 EBIT
 
SEK 2.16 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", 6 "hold" and 1 "sell" or "strong sell"
The average consensus recommendation for the iron & steel peer group is "buy"
Wall Street's median 12-month price target for SSAB AB (publ) is SEK120.00, about 22.2% above its October 27 closing price of SEK98.22
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 11 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)